Bank scam gang arrested in UAE, stole thousands from residents
A gang of four phone fraudsters, who were able to steal Dh12,199 from residents' bank accounts, has been sentenced to…
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World Bank Slashes MENA Growth Forecast Due to Geopolitical Tensions
The World Bank, on Wednesday, slashed the growth forecast for the UAE, GCC, and Middle East and North Africa (Mena)…
GCC sovereigns' 2020 outlook is negative, says Moody's
Moody’s Investors service said in a report that the outlook for sovereign creditworthiness in the Gulf Cooperation Council in 2020…
Middle East financial institutions spearheading advanced security tech
The banking and finance industry is emerging as a key driver of advanced security provision throughout the Middle East. As…
Noor Bank’s board reconstituted
Noor Bank’s board of directors was reconstituted on Wednesday as part of Dubai Islamic Bank’s acquisition of the bank. …
Emaar launches Burj Crown tower in Downtown Dubai
Emaar Properties on Thursday launched Burj Crown, a new 44-storey luxury residential tower located on the Sheikh Mohammed bin Rashid…
Kuwait’s foreign reserve rises to historic record
The foreign reserve in Kuwait increased by 3.9 per cent reaching 12.254 billion Kuwaiti dinars ($40.5 billion) during November 2019…
Mashreq Bank provides escrow services to DIFC
The service will allow Mashreq Bank to provide GTB products and solutions to owners’ association companies, offering them a wide…
Dubai regulator fines defunct wealth firm nearly $250,000
The Dubai Financial Services Authority had announced that it has fined Morgan Gatsby Limited, approximately USD 246,000 (approx. AED 900,000),…
ADNOC and Abu Dhabi Pension Fund sign agreement to increase pensionable salary of ADNOC's UAE national employees
The Abu Dhabi National Oil Company had signed an agreement with Abu Dhabi Retirement Pensions & Benefits Fund to improve…
Euronet Worldwide will work with Visa in bolstering the Visa Fintech Fast Track program in CEMEA
Visa had announced Euronet Worldwide, is working with Visa to augment Visa’s fintech fast-track program in the Central and Eastern…
University of Bahrain students win prizes in AFS' bwallet challenge
bwallet, had announced the winners of its exclusive challenge for University of Bahrain students the ‘bwallet User Interface Contest’ at…